中国银河证券：重点关注明年政策红利与景气方向的布局机会

Core Viewpoint - The market is expected to continue its volatile structure as the year-end approaches, with a focus on policy dividends and economic trends for the upcoming year [1] Group 1: Investment Opportunities - Main Line 1: The unprecedented global changes are accelerating, shifting the domestic economic logic towards new productive forces, with key areas of interest including artificial intelligence, embodied intelligence, new energy, controllable nuclear fusion, quantum technology, and aerospace as highlighted in the "14th Five-Year Plan" [1] - Main Line 2: The gradual implementation of anti-involution policies, combined with an optimized supply-demand structure and expectations of price recovery, indicates a clear path for profit recovery in the manufacturing and resource sectors [1] - Auxiliary Line 1: Under the guidance of policies aimed at expanding domestic demand, the consumer sector is entering a favorable window for investment [1] - Auxiliary Line 2: The trend of going global is expected to further enhance corporate profit margins [1]